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Parliament adopts law to allow insurance against war risks

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Ukraine’s parliament adopted a law allowing insurance of investments in Ukraine against war risks, Ekonomichna Pravda reported on May 30.

The decision was supported by 241 out of 450 lawmakers.

The law expands the capabilities of the Export Credit Agency, allowing it to insure both domestic and foreign investments against the risks caused by armed aggression or terrorism.

These investments have to be used for creating facilities and infrastructure needed for industrial production and exports of Ukrainian origin.

Update: At least 1 dead, 13 injured after night attack on Kyiv Oblast
At least 13 people were injured and one woman died after the Russian overnight drone strike against Kyiv Oblast and the capital on May 30, the Kyiv police reported on Telegram.
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According to the current legislation, the Export Credit Agency can insure Ukrainian investments only in other countries.

According to the Kyiv School of Economics, by January 2023, the total damages of the Russian invasion of Ukraine reached $138 billion in terms of destoryed or damaged infrastructure.

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Martin Fornusek

Senior News Editor

Martin Fornusek is a news editor at the Kyiv Independent. He has previously worked as a news content editor at the media company Newsmatics and is a contributor to Euromaidan Press. He was also volunteering as an editor and translator at the Czech-language version of Ukraïner. Martin studied at Masaryk University in Brno, Czechia, holding a bachelor's degree in security studies and history and a master's degree in conflict and democracy studies.

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"I don't know if it’s gonna affect Russia, because he (Russian President Vladimir Putin) wants to obviously probably keep the war going, but we're gonna put tariffs and various things," U.S. President Donald Trump said.

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